Is Living Well Foundation Legit?

The Living Well Foundation demonstrates a consistent financial profile with substantial assets, averaging around $47-49 million over the past decade. While its latest reported revenue is $8,864,284, the historical 990 filings show annual revenues typically ranging from $448,002 to $1,315,373, with expenses generally lower than revenue in most years, indicating sound financial management and an ability to cover operational costs. The organization's liabilities have remained relatively low compared to its assets, suggesting a healthy balance sheet. The absence of reported officer compensation across all available filings is a notable aspect of its financial transparency and operational model, indicating that leadership may be volunteer-based or compensated through other means not captured in this specific line item, which warrants further investigation for a complete picture of administrative costs. Spending efficiency appears strong, as expenses have consistently been less than revenue in most years, allowing for asset growth or retention. For instance, in 2023, revenue was $1,315,373 against expenses of $839,318. The organization's NTEE code E11 (Housing/Shelter) suggests a focus on direct program services, and the consistent financial health implies resources are available for its mission. However, without a detailed breakdown of program, administrative, and fundraising expenses from the provided data, a precise assessment of spending efficiency across these categories is limited. Transparency is generally good given the consistent filing history and the clear reporting of assets, liabilities, revenues, and expenses. The zero officer compensation across all filings is a significant point for transparency, as it either indicates a highly volunteer-driven leadership or that compensation is reported under different categories, which would require deeper scrutiny of the full 990 forms. The organization's stable asset base and consistent financial reporting contribute to a positive view of its financial health and commitment to public disclosure.